Prices for apartments and houses in Germany have fallen more sharply in the space of a year than at any time since the year 2000. According to data from the Federal Statistical Office on Friday,.
In the real estate and construction industry, the mood of crisis is turning into one of alarm ahead of the planned housing summit in the Chancellor s Office. Germany s largest housing company Vonovia.
EXPLAINED: Why falling property prices in Germany mean tougher times for tenants thelocal.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thelocal.de Daily Mail and Mail on Sunday newspapers.
So far, consumers have not benefited from the turnaround in interest rates. You have to pay more construction interest, the cost of installment loans are increasing – but there is as little for savings as before. But there is apparently movement with the annoying negative interest rates for the current account.
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